Burns J W & Co. Inc. NY decreased its position in Visa Inc (NYSE:V) by 2.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,993 shares of the credit-card processor’s stock after selling 3,053 shares during the period. Visa makes up 5.1% of Burns J W & Co. Inc. NY’s holdings, making the stock its biggest holding. Burns J W & Co. Inc. NY’s holdings in Visa were worth $20,264,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Earnest Partners LLC bought a new stake in Visa in the fourth quarter valued at $100,000. AlphaOne Investment Services LLC bought a new stake in Visa in the fourth quarter valued at $108,000. Financial Gravity Companies Inc. bought a new stake in Visa in the fourth quarter valued at $112,000. Slow Capital Inc. bought a new stake in Visa in the fourth quarter valued at $132,000. Finally, Bedel Financial Consulting Inc. bought a new stake in Visa in the first quarter valued at $176,000. Institutional investors and hedge funds own 80.23% of the company’s stock.

Visa stock opened at $146.74 on Friday. Visa Inc has a fifty-two week low of $102.26 and a fifty-two week high of $147.71. The stock has a market cap of $295.78 billion, a P/E ratio of 42.17, a PEG ratio of 1.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 1.69.

Visa (NYSE:V) last released its quarterly earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.11. Visa had a net margin of 47.91% and a return on equity of 36.09%. The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.09 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. research analysts anticipate that Visa Inc will post 4.57 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Investors of record on Friday, August 17th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.57%. The ex-dividend date is Thursday, August 16th. Visa’s dividend payout ratio (DPR) is presently 24.14%.

Several research firms have weighed in on V. Bank of America lifted their price target on shares of Visa from $155.00 to $163.00 and gave the company a “buy” rating in a research note on Monday, August 13th. Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Cantor Fitzgerald boosted their target price on shares of Visa to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, July 26th. SunTrust Banks boosted their target price on shares of Visa to $170.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. They noted that the move was a valuation call. Finally, KeyCorp boosted their target price on shares of Visa from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, July 26th. Three research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Visa has a consensus rating of “Buy” and a consensus target price of $147.87.

In other Visa news, CFO Vasant M. Prabhu sold 25,064 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $140.56, for a total value of $3,522,995.84. Following the transaction, the chief financial officer now directly owns 58,232 shares in the company, valued at $8,185,089.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP James H. Hoffmeister sold 6,912 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $140.01, for a total transaction of $967,749.12. Following the completion of the transaction, the senior vice president now owns 6,912 shares in the company, valued at $967,749.12. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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